FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * LANE ROBERT W   2. Issuer Name and Ticker or Trading Symbol DEERE & CO [DE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) DEERE & COMPANY, ONE JOHN DEERE PLACE 3. Date of Earliest Transaction (Month/Day/Year) 08/17/2007 (Street) MOLINE, IL 61265 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price $1 par Common Stock (1) (2) 08/17/2007   M   224,218 A $ 42.3 606,322 D   $1 par Common Stock (1) (2) 08/17/2007   M   56,825 A $ 42.07 663,147 D   $1 par Common Stock (1) (2) 08/17/2007   F   171,069 D $ 118.45 492,078 D   $1 par Common Stock (1) (3) 08/20/2007   S   87,979 D $ 125.84 404,099 (4) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Market Priced Options (5)

$ 42.3

08/17/2007

M

224,218

(6)

12/12/2011

Common Stock

224,218

$ 0

51,723

D

Employee Market Priced Options (5)

$ 42.07

08/17/2007

M

56,825

(7)

12/13/2010

Common Stock

56,825

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LANE ROBERT W DEERE & COMPANY ONE JOHN DEERE PLACE MOLINE, IL 61265			Chairman & CEO

Signatures

/s/ Paul Wilczynski, Assistant Corporate Secretary, Deere & Company, under Power of Attorney		08/21/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	References to Deere & Company common stock include associated preferred stock rights.
(2)	Exercise of Rule 16b-3 employee stock options pursuant to a Rule 10b5-1 trading plan adopted on December 7, 2006, and related delivery and withholding of shares to pay the option exercise prices and withholding taxes.
(3)	Sales effected pursuant to a Rule 10b5-1 trading plan adopted on December 7, 2006.
(4)	Includes 281,849 restricted stock units granted under the John Deere Omnibus Equity and Incentive Plan.
(5)	All options include the ability to withhold shares upon the exercise of the option to satisfy income tax obligations.
(6)	The options became exerciseable in three approximately equal installments on December 12, 2002, December 12, 2003, and December 12, 2004.
(7)	The options became exercisable in three approximately equal installments on December 13, 2001, December 13, 2002, and December 13, 2003.

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